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  3. Governance
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Governance

Pondering the social responsibility of businesses, LOTTE Chemical has continuously evolved to
create social value. We are committed to driving sustainable growth by creating a safer and sound
working environment for employees, nurturing talent for the future, and pursuing mutual growth
with our partners and communities to build a future where we can grow together based on strong trust
from various stakeholders by setting forth strategic directions that consider social value and expanding our business model.
BOD Organization
BOD Organization
Name Position and Duties Audit Committee Transparent Management
Committee		 Outside Director Candidate
Recommendation Committee		 Compensation
Committee		 ESG
Committee
Shin Dong-bin CEO & Chairman
Lee Young-jun CEO & President
Joo Woo-hyun CEO & Senior Vice President
Sung Nak-sun Inside Director & CFO
Sohn Byeong-hyeok Outside Director
Oh Yoon Outside Director & Audit Commitee member
Cho Hye-sung Outside Director
Seo Hwi-weon Outside Director & Audit Commitee member
Cho Woon-hang Outside Director & Audit Commitee member
Audit Committee
Organization
Oh Yoon(Outside Director)
Seo Hwi-weon(Outside Director)
Choi Won-kyung(Outside Director)
Duty and authority
Audit of accounting and operation of LOTTE Chemical
Demand reporting on company business and examination of company assets
Deal with matters stipulated in laws or the Articles of Incorporation and matters delegated by the BOD
Transparent Management Committee
Organization
Oh Yoon(Outside Director)
Seo Hwi-weon(Outside Director)
Choi Won-kyung(Outside Director)
Duty and authority
Review of intercompany transaction exceeding a specific size and suggest modification
Request submission and report of information needed for case review
Process matters stipulated in laws or the Articles of Incorporation and matters delegated by the BOD
Outside Director Candidate Recommendation Committee
Organization
Oh Yoon(Outside Director)
Sohn Byeong-hyeok(Outside Director)
Cho Hye-sung(Outside Director)
Duty and authority
Outside Director Candidate Recommendation Committee to be Composed of Three Members
The Outside Director Candidate Recommendation Committee is consisted of three members, and outside directors constitute 2/3 or more of the Committee members (to satisfy the provisions of Paragraph 4 of Article 542-8 of the Commercial Act).
The Committee recommends candidates for outside director in the stockholders’ meeting.
Compensation Committee
Organization
Sohn Byeong-hyeok(Outside Director)
Cho Hye-sung(Outside Director)
Seo Hwi-weon(Outside Director)
Duty and authority
Consideration and decision on executive compensation
Review, Resolution of Other Delegated Issues by the Board of Directors
ESG Committee
Organization
Joo Woo-hyun(Inside Director)
Sohn Byeong-hyeok(Outside Director)
Cho Hye-sung(Outside Director)
Choi Won-kyung(Outside Director)
Duty and authority
Resolution and deliberation on suitability and feasibility of business decision-making from the perspective of ESG
Outside Auditor & Auditor Opinion
Outside Auditor & Auditor Opinion
Auditor 2023 2022 2021 2020
Auditor Opinion Appropriate Appropriate Appropriate Appropriate
Outside Auditor EY Accounting KPMG Samjong Accounting KPMG Samjong Accounting KPMG Samjong Accounting
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